Aspire & Innovative Advertising Limited (ASPIRE)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Aspire & Innovative's revenue was ₹116 Cr (+73.1% year on year, +93.3% on the previous half-year), and net profit ₹2.0 Cr (+0.0% year on year); the operating margin was 0.9%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹116 | +73.1% | +93.3% |
| Operating profit | ₹1.0 | +0.0% | +0.0% |
| Net profit | ₹2.0 | +0.0% | +100.0% |
| EPS (₹) | 1.09 | -4.4% | +84.7% |
| Operating margin | 0.9% | — | — |
📢 Recent Corporate Announcements
Aspire & Innovative Advertising Limited has notified the stock exchange of the closure of its trading window starting October 1, 2026. The closure applies to all Designated Persons and their immediate relatives pursuant to SEBI Insider Trading regulations. The window will reopen 48 hours after the declaration of the un-audited financial results for the half year ending September 30, 2026. The date of the board meeting to approve these results will be announced separately.
- Trading window closes effective Thursday, October 1, 2026
- Applies to Designated Persons and immediate relatives ahead of H1 FY27 results
- Trading window reopens 48 hours after the declaration of financial results
- Relates to the half-year period ending September 30, 2026
Aspire & Innovative Advertising Limited submitted its Structured Digital Database (SDD) Compliance Certificate pursuant to Regulations 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The certificate, issued by a Practising Company Secretary, covers the period from April 1, 2026, to August 31, 2026. This is a routine secretarial filing confirming compliance with insider trading digital log maintenance and does not affect operational or financial performance.
- SDD compliance certificate submitted for the period 1st April 2026 to 31st August 2026
- Filing made under Regulations 3(5) and 3(6) of SEBI (PIT) Regulations, 2015
- Certificate certified by a Practising Company Secretary
Aspire & Innovative Advertising Limited announced the voting results and Scrutinizer's Report for its 9th Annual General Meeting held on August 26, 2026. All 4 resolutions were passed with 100% approval, accounting for 17,76,175 votes polled with zero votes against. The approved items include adoption of FY2026 audited financial statements, re-appointment of director Mrs. Rinku Agarwalla, and appointments of Mr. Sudhanshu Singhal (Independent Director) and Mr. Harsh (Non-Executive Director). A total of 726 shareholders were registered on the record date of August 19, 2026.
- All 4 resolutions approved with 100% of votes cast in favour (17,76,175 votes)
- Total shareholder count stood at 726 on the record date of August 19, 2026
- Appointed Mr. Sudhanshu Singhal as Independent Director and Mr. Harsh as Non-Executive Director
- Adoption of audited financial statements for the financial year ended March 31, 2026 approved unanimously
Aspire & Innovative Advertising Limited held its 9th Annual General Meeting on August 26, 2026, via video conferencing with 6 members in attendance. The business transacted included the adoption of audited financial statements for FY ended March 31, 2026, the re-appointment of Mrs. Rinku Agarwalla as Director, and appointments of Mr. Sudhanshu Singhal as Independent Director and Mr. Harsh as Non-Executive Director. Scrutinizer voting results will be submitted to the exchange separately within the statutory timeline.
- 9th Annual General Meeting conducted virtually on August 26, 2026, with 6 members attending
- Adoption of Audited Financial Statements for FY ended March 31, 2026 considered by shareholders
- Considered appointment of Mr. Sudhanshu Singhal as Independent Director and Mr. Harsh as Non-Executive Director
- Remote e-voting was open from August 23, 2026 (9:00 AM) to August 25, 2026 (5:00 PM)
Aspire & Innovative Advertising has scheduled its 9th Annual General Meeting for August 26, 2026, to adopt FY26 financial statements and appoint directors. The company's FY26 performance showed significant margin pressure, with Return on Equity (ROE) falling to 5.04% from 9.03% in FY25. Management is actively diversifying into B2B IT hardware and the Government e-Marketplace (GeM) to reduce dependency on its core microfinance-linked business. Despite a large reported customer base of 1.2 crore, the company operates on thin margins with a Net Profit Ratio of 1.45%.
- Return on Equity (ROE) dropped to 5.04% in FY26 from 9.03% in FY25 due to changes in profit and total equity
- Net Profit Margin contracted to 1.45% in FY26 from 2.33% in the previous financial year
- Debt-to-Equity ratio increased by 85.32% to 0.34 as of March 31, 2026
- Inventory turnover ratio improved to 9.92 from 6.71, indicating better stock movement
- Company claims an existing customer base of approximately 1.2 crore users on its e-commerce platform
Aspire & Innovative Advertising has scheduled its 9th Annual General Meeting (AGM) for August 26, 2026, with a voting cut-off date of August 19, 2026. The company's annual report reveals a significant decline in Return on Equity (ROE) to 5.04% in FY26 from 9.03% in FY25, and a drop in Net Profit Margin to 1.45%. Management is focusing on diversification into B2B IT hardware and the Government e-Marketplace (GeM) to reduce dependency on its Microfinance (MFI) segment. The company is also evaluating a new entry into the Rural Wellness segment to leverage its existing 1.2 crore rural customer base.
- 9th Annual General Meeting scheduled for August 26, 2026, via video conferencing.
- Return on Equity (ROE) dropped to 5.04% in FY26 from 9.03% in FY25.
- Net Profit Margin compressed to 1.45% in FY26 from 2.33% in the previous year.
- Debt-Equity ratio increased by 85.32% to 0.34 as of March 31, 2026.
- Company services a rural customer base of approximately 1.2 crore users through its e-commerce platform.
Aspire & Innovative Advertising Limited has announced its 9th Annual General Meeting (AGM) will be held on August 26, 2026, via video conferencing. The Board of Directors approved the Director's Report and the AGM notice during their meeting on July 30, 2026. M/s Sandeep & Associates has been appointed as the scrutinizer for the meeting's voting process. This is a routine administrative filing with no immediate impact on the company's financial position or operations.
- 9th Annual General Meeting scheduled for Wednesday, August 26, 2026
- Board meeting conducted within a 55-minute window (2:00 PM to 2:55 PM)
- AGM to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Appointment of M/s Sandeep & Associates as Scrutinizer for the voting process
Financial Performance
Revenue Growth by Segment
Total revenue declined by 56.52% YoY, falling from INR 383.99 Cr in FY 2023-24 to INR 166.95 Cr in FY 2024-25. Segment-specific growth percentages are not disclosed.
Geographic Revenue Split
The company operates across India and is expanding into new geographies; however, the specific percentage contribution from each region is not disclosed.
Profitability Margins
Net Profit Margin was 2.33% in FY 2024-25, a slight decrease from 2.43% in FY 2023-24. Return on Equity (ROE) dropped significantly from 35.55% to 9.03% due to changes in profit and total equity.
EBITDA Margin
Not explicitly disclosed, but the Net Profit Margin is 2.33% for FY 2024-25, down from 2.43% YoY.
Capital Expenditure
Historical and planned capital expenditure values in INR Cr are not disclosed in the available documents.
Credit Rating & Borrowing
Debt-Equity ratio improved by 48.57%, decreasing from 0.35 to 0.18, indicating a reduction in relative borrowing costs and leverage.
Operational Drivers
Raw Materials
Finished consumer durables, household appliances, and white goods (the company acts as an aggregator/platform for branded products).
Import Sources
Not specifically disclosed, though the company utilized foreign exchange in USD (1.68 Lakhs) and EURO (8.82 Lakhs).
Key Suppliers
Reputed and trusted brands (specific names of supplier companies are not disclosed).
Capacity Expansion
Not applicable as the company operates as a common platform/aggregator; however, it maintains a portfolio of over 100 branded products.
Raw Material Costs
Not disclosed as a percentage of revenue; the company focuses on procurement of finished stock for its aggregator platform.
Manufacturing Efficiency
Not applicable (aggregator model); however, the company maintains a union-free environment to ensure stable industrial relations.
Strategic Growth
Growth Strategy
Growth will be achieved by launching additional products in the consumer durables segment, leveraging an existing network of selling channels, and customizing the platform to cater to a wider range of requirements for reputed brands.
Products & Services
Over 100 branded products including household appliances, white goods, and various consumer durables.
Brand Portfolio
Aspire
New Products/Services
The company plans to launch additional products in the consumer durables segment; specific expected revenue contribution percentages are not disclosed.
Market Expansion
Expansion into new geographies to enhance brand recognition and reputation in an increasingly competitive market.
Strategic Alliances
The company provides a common platform for products of various reputed and trusted brands (partner names not disclosed).
External Factors
Industry Trends
The industry is shifting toward stricter standardization and safety norms for white goods globally, requiring aggregators to adapt to evolving compliance risks and costs.
Competitive Landscape
Faces intense competition from both organized and unorganized players in the household appliance aggregator industry.
Competitive Moat
Durable advantage through a 5+ year operating history, an established network of selling channels, and a platform model aggregating over 100 trusted brands.
Macro Economic Sensitivity
Sensitive to cyclical demand and pricing in principal markets, as well as economic developments within India.
Consumer Behavior
Demand is driven by brand recognition and the availability of quality products at competitive price points.
Geopolitical Risks
Impacted by changes in international regulatory standards for the quality and safety of home appliances.
Regulatory & Governance
Industry Regulations
Regulatory agencies focus on the quality, efficacy, safety, and standardization of home appliances and white goods, increasing compliance risks.
Legal Contingencies
The company reports no pending litigations that would impact its financial position.
Risk Analysis
Key Uncertainties
Competition risk from low-barrier entries and regulatory risks regarding evolving safety standards for white goods.
Geographic Concentration Risk
Primarily spread across India; specific regional revenue percentages are not disclosed.
Third Party Dependencies
Dependent on brand partners for product supply and third-party selling channels for distribution.
Technology Obsolescence Risk
Mitigated by the use of Microsoft Navision 2009 ERP for internal financial controls and data integration.
Credit & Counterparty Risk
Debtors Turnover Ratio decreased by 62.01% (from 9.66 to 3.67), indicating a significant slowdown in receivable collections and potential credit risk.
